Sound Income Strategies LLC Purchases 172,519 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Sound Income Strategies LLC increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,055,380 shares of the investment management company’s stock after purchasing an additional 172,519 shares during the quarter. Golub Capital BDC accounts for about 2.9% of Sound Income Strategies LLC’s investment portfolio, making the stock its 4th largest holding. Sound Income Strategies LLC owned about 1.16% of Golub Capital BDC worth $46,320,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Northeast Financial Consultants Inc lifted its holdings in shares of Golub Capital BDC by 151.8% in the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after purchasing an additional 1,268,442 shares during the last quarter. Millennium Management LLC lifted its stake in Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after buying an additional 724,662 shares during the last quarter. Partners Group Holding AG boosted its holdings in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after acquiring an additional 648,855 shares during the period. LGT Capital Partners LTD. bought a new position in shares of Golub Capital BDC during the third quarter worth about $8,721,000. Finally, Granite FO LLC acquired a new stake in shares of Golub Capital BDC in the 2nd quarter worth about $8,132,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on GBDC. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $15.47 on Friday. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The firm has a market capitalization of $4.09 billion, a PE ratio of 10.97 and a beta of 0.53. The company’s 50 day simple moving average is $15.26 and its 200 day simple moving average is $15.17. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.08%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.